Documentation Identification Number (DIN) System

The Documentation Identification Number (DIN) system of Central Board of Indirect Taxes and Customs (CBIC) will come into existence from 8th November 2019. The step is aimed at bringing...

Government launched Project SPARROW for CBIC officers for over 400 formations of CBIC across...

The Central Board of Indirect Taxes and Customs (CBIC) notified that for better human resource management, it will conduct annual performance appraisal report (APARs) of over 46,000 Group B...

CBDT fomed committee to Assess Tax Risks of Migrating HNIs

The Central Board of Direct Taxes (CBDT) has constituted 5-member working group (committee) to examine taxation aspects related to High Net Worth Individuals (HNWIs) who are migrating abroad to...

Web Portal launched by Tax Department

The tax department has launched a web portal and was inaugurated on Income Tax website by the Central Board of Direct Taxes (CBDT) Chairman P C Mody. The portal...

2% TDS on cash withdrawals of over Rs 1 crore to come into effect...

The Department of Revenue notified that 2% tax deduction at source (TDS) on cash withdrawals of over Rs 1 crore will come into effect from September 1, 2019. The...

Government Slashed the corporate tax rates

The government has slashed basic corporate tax rate to 22% from 30% while for new manufacturing companies it has been cut down to 15% from 25%. Over the past...

Govt. to set-up a Unified Authority for Regulating Entities in IFSC

The Union Cabinet headed by Prime Minister Narendra Modi has approved setting up of a unified authority for regulating all financial services in international financial services centres (IFSCs) in...

NHB to provide Rs.10,000 cr liquidity infusion facility to HFCs

The housing sector regulator National Housing Bank (NHB) opened a liquidity infusion facility of Rs.10000 crore for Housing Finance Companies (HFCs) to improve liquidity in sector. The move is...

biggest single-day fall of rupee recorded in 6 years

The biggest single-day fall of rupee has been recorded for the first time breaching the 70 level mark of Indian rupees since August 2013. The reasons for the downfall of...

Govt urged Central Public Sector Enterprises to boost Capital Expenditure

Finance Ministry has urged Central Public Sector Enterprises (CPSEs) to boost their capital expenditure during the current FY 2019-20. A statement was issued after the meeting held between the Financial...

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